From Wiki – ‘Ivo Adam Rex Mosley is a British writer. His varied career has encompassed ceramics, poetry, social commentary, opera, fiction and music theatre. His focus currently (2017) is on works of non-fiction relating to politics and monetary reform. He lives in London with his wife.’

Welcome to my website! This is my latest book: BANK ROBBERY


The most destructive process in the world today is almost a complete secret. Those who know about it mostly keep quiet, and those who talk about it are mostly ignorant. And yet it’s not hard to understand; what’s more, reform would be quite simple.

The fact is, money is created as fictitious debt. The purpose of this is that alongside every bit of money, an equal amount of real debt is also created. Historically, this method of creating money has been made legal (repeatedly) for one reason: to increase the power and wealth of those who already have power and wealth. Whenever the method has been made legal, it has led to a decline in civilization as elites have got more remote from the productivity that makes them rich and less conscious of the effects their affluence has on the world. This happened historically in Mesopotamia, in ancient Athens, in ancient Rome, in the Italian city-states, in England, in the USA – and today it’s happening all across the world.

Creating money as debt finances the acquisition of businesses, goods and claims by profiteers. It has powered colonialism, and now it powers growing inequality. It means economies cannot be healthy without growth, without ransacking and polluting the natural world. The method gives wealth and power to people who only care about getting more. Such people tend not to care about the consequences of what they do: they are the worst people to have in charge. As for the rest of us, the method is like a magic trick: it is easily concealed, and reform never becomes a priority.

To explain: money today is debt owed by a bank, which it will never pay. We think banks pay out cash, but cash is also fictitious debt – in this case, from the government. The system is a collusion between government, banks and plutocrats. (Marxism is only different in that government monopolizes the power and profit supplied by the system.)

The laws which make this method possible may not be as obviously unjust as laws that authorize slavery (for instance) but they are every bit as destructive. As well as creating widespread debt and inequality, they fundamentally cripple any hope of real democracy. The world is given over to money making for a few, rather than to the creative sharing of many (among whom huge stores of goodwill go to waste).

There is no need to create money this way. Money is abstract property, a token of value recognized in law. It can be created as property pure and simple, in quantities calculated to keep its value constant, and spent by the government in lieu of taxes. This has frequently been the case historically.

If we want to survive and flourish as a species, we must reform and create money in a fair and equitable way. Laws must support debt as a private arrangement, not as a commodity.

More information: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy

Joseph Huber, ‘Sovereign Money’.

Ivo Mosley, ‘Bank Robbery: The way we create money, and how it damages the world’.

Henry C. Simons, ‘Economics for a Free Society’.